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What happens when the oil runs out?
By abg | February 24, 2009
Interesting article about Gabon’s strategy (if you want it to term it that) to survive the rapidly approaching day when oil runs out. It appears the goal now is to jump onto other extractive industries such as minerals mining and timber logging. After all these years of oil, why wasn’t the human capital of Gabon improved to the extent that the country could move upstream and actually produce higher valued added items. What happens when the minerals and forests run out and there is nothing left to extract? Our grandchildren will be cursing us if we don’t do better in terms of passing on to them a better legacy.
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